In January 2022, the Board voted to establish the Ethical Management Committee, in line with international standards and the United Nations' advocacy for ethical corporate governance. This initiative is central to supporting LCY's sustainable development. The committee, which reports to the Board, is responsible for formulating ethical management policies and prevention programs, as well as supervising the implementation of Article 17 of the Ethical Corporate Management Best Practice Principles. The committee is required to report to the Board at least once a year and to convenes as needed.
The Ethical Management Committee is composed of heads from the Finance Division, the Human Resources Department, and the Compliance Division. The committee chair is elected by mutual recommendation of its members and is tasked with appointing a secretary to support its work. In 2025, the committee was chaired by the head of Human Resources Department. In accordance with regulations, the Ethical Management Committee also convened as required during the year.
Integrity is a core value at LCY, with zero tolerance for bribery, corruption, fraud, and all other forms of unethical conduct. Through 2024, LCY published key policies on its official website ─ including the United Nations Global Compact, LCY Employee Guidelines, Anti-Bribery Policy, Regulations of Whistleblowing System, and LCY Human Rights Policies ─ to ensure awareness compliance across employees, subsidiaries, and external stakeholders. Furthermore, LCY also regularly conducts ethical corporate management training to directors, employees, and consultants.
The company provides a whistleblowing mailbox for individuals to disclose violations of ethical conduct, inappropriate behavior and bribery. Whistleblowers are encouraged to provide specific evidence and may choose to report anonymously or with named disclosure. The company encourages reports based on good faith or reasonable belief and ensures the confidentiality of the whistleblower's identity and the content of the report. It also guarantees that whistleblowers will not face undue consequences for their disclosures. Upon receipt of a report of unethical behavior, the CEO will direct the formation of a cross-departmental investigation team, including, at a minimum, the head of Internal Audit. The results of the investigation are then presented to the Ethical Management Committee for review.
• By letter: Ethics Management Committee, 3F, No. 85, Section 4, Bade Road, Songshan District, Taipei City
• By e-mail: gm@lcygroup.com